S&P500 - 1 hour:

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S&P500 - 1 hour chart: The Downtrend Line resistance stands above the market at 2694 with our immediate projected resistance standing at 2767. the Bearish Reversal lies at 2682 - We now need to close beneath 2864 on a monthly basis to imply a technical reversal of trend to the downside for now. Since we are trading below that level, caution is advisable.